7 Lessons I Learned From Investing In Cryptocurrencies

I am one of the crazy cryptocurrency investors. I am definitely not a day trader, and I have only invested in three cryptocurrencies.

I have advised everyone I know against investing in cryptocurrencies, but somehow I ended up doing it myself.

I still do not recommend that people invest in cryptocurrencies. However, I have learned a lot from investing in cryptocurrencies such as Bitcoin, Ether (Ethereum) and NEO, so I thought it might benefit other stupid people like myself that want a very high risk, high return investment.

4 comments

You are spot on with your assessments of investing in cryptocurrencies. I felt the same way when I got started. Right now I’m investing 7% of my income in 25 different cryptos. I figure that in 3-5 years (as this is a long term investment) at least one of these will grow a lot and make it worth my investment. I’m not really looking at this on a daily basis because I would go insane to see how much Bitcoin (and other altcoins) grows and then drops. Even if I lose all this money, I’m ok with it. I think this could be something more people could do if they kept with percentages they can afford losing. What is your opinion, Carl?

I highly agree with you. I always believe you should have part of your investments in something ultra high risk, but never more than you are willing to lose. For me, that is around 5-10%. I have halted my investments in cryptocurrencies for now as I believe it makes up too large a part of my net worth at the moment.